CI Target 2028 Investment Grade Bond Fund

TSX TICKER : CTMA
 

Fund overview

The fund’s investment objective is to generate income over a specified period by investing in a portfolio primarily made up of Canadian dollar-denominated investment grade bonds, with an effective maturity date in 2028. The fund will terminate on or about November 30, 2028, or such earlier date upon not less than 60 days' notice to unitholders.

Fund details

description of elementelement value
Inception date October 2025
Total net assets ($CAD)
As at 2026-07-31
$1.9 million
NAVPS
As at 2026-07-31
$19.8979
MER (%)
As at 2026-03-31
0.23
Management fee (%) 0.15
Units outstanding
As at 2026-07-31
100,000
Asset class Canadian Fixed Income
Currency CAD
CUSIP 171934102
Distribution frequency Monthly
Last distribution $0.0454
Average Credit Rating A-

Risk rating1

  • Low
  • Low to medium
  • Medium
  • Medium to high
  • High

Investor suitability

For those who:
  • want exposure to a portfolio of Canadian-dollar denominated investment grade bonds with a defined maturity date
  • are looking for regular monthly income
  • can tolerate low risk

Performance2 As at 2026-07-31

*Fund performance is not available for funds with a history of less than one year.

Distribution history3

Ex-Date Total
2026-07-27 0.0454
2026-06-24 0.0413
2026-05-22 0.0426
2026-04-24 0.0294
2026-03-25 0.0502
Ex-Date Total
2026-02-23 0.0509
2026-01-26 0.0572
2025-11-24 0.1385

RATING SUMMARY (%)

AAA 0.55
AA 7.65
A 30.41
BBB 57.57
BB 3.82
Average Credit Rating A-

FUND CHARACTERISTICS

Average Coupon % 3.46
Duration 2.04
Yield 3.39

Management team

First we'll display the Team Company and then the Team members
John Shaw
Jason Anderson

CI Target 2028 Investment Grade Bond Fund

TSX TICKER : CTMA
 
Portfolio allocations4 As at 2026-06-30
Asset allocation (%)
  • Canadian Corporate Bonds 96.76
  • Canadian Government Bonds 2.93
  • Cash and Equivalents 0.31
Sector allocation (%)
  • Fixed Income 99.69
  • Cash and Cash Equivalent 0.31
Geographic allocation(%)
  • Canada 100.00
Top holdings6
Sector (%)
1. National Bank of Canada 3.52% 17-Jul-2028 Fixed Income 4.77%
2. Royal Bank of Canada 3.41% 12-Jun-2028 Fixed Income 4.73%
3. Tourmaline Oil Corp 2.53% 12-Feb-2029 Fixed Income 4.68%
4. Bruce Power LP 2.68% 21-Oct-2028 Fixed Income 4.66%
5. TOYOTA CREDIT CANADA INC 3.31% 18-Aug-2028 Fixed Income 4.65%
6. Granite REIT Holdings LP 2.19% 30-Aug-2028 Fixed Income 4.33%
7. Canadian National Railway Co 3.00% 08-Nov-2028 Fixed Income 4.33%
8. SmartCentres REIT 2.31% 18-Dec-2028 Fixed Income 4.29%
9. CGI Inc 2.10% 18-Jul-2028 Fixed Income 4.27%
10. RioCan REIT 2.83% 08-Nov-2028 Fixed Income 4.27%
11. Bank of Montreal 4.54% 18-Nov-2028 Fixed Income 4.24%
12. WHITECAP RESOURCES INC 3.76% 19-Jun-2028 Fixed Income 4.22%
13. Canadian Pacific Railway Co 3.15% 13-Dec-2028 Fixed Income 4.21%
14. Nestle Holdings Inc 2.19% 26-Jan-2029 Fixed Income 4.14%
15. CCL Industries Inc 3.86% 13-Jan-2028 Fixed Income 4.00%
Over 35,000 financial advisors have chosen CI Global Asset Management as a partner. We believe that Canadians have the best opportunity for investments success by using the services of a professional financial advisor. Learn more at ci.com.